Equities research analysts expect that Pandora Media, Inc. (NYSE:P) will announce $364.86 million in sales for the current quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Pandora Media’s earnings, with the lowest sales estimate coming in at $344.90 million and the highest estimate coming in at $371.30 million. Pandora Media reported sales of $343.02 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.4%. The firm is expected to announce its next earnings results after the market closes on Monday, July 31st.

According to Zacks, analysts expect that Pandora Media will report full-year sales of $364.86 million for the current financial year, with estimates ranging from $1.48 billion to $1.60 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.91 billion per share, with estimates ranging from $1.77 billion to $2.20 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Pandora Media.

Pandora Media (NYSE:P) last issued its quarterly earnings data on Monday, May 8th. The Internet radio service reported ($0.37) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.13. The company had revenue of $316 million for the quarter, compared to analysts’ expectations of $318.15 million. Pandora Media had a negative return on equity of 45.15% and a negative net margin of 25.66%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) earnings per share.

P has been the subject of several recent analyst reports. Wells Fargo & Company reissued a “market perform” rating and issued a $10.00 price target (down from $12.00) on shares of Pandora Media in a report on Monday, June 12th. B. Riley reissued a “buy” rating and issued a $15.00 price target on shares of Pandora Media in a report on Tuesday, May 9th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $7.00 price target (down from $12.00) on shares of Pandora Media in a report on Sunday, June 18th. William Blair reissued an “outperform” rating on shares of Pandora Media in a report on Tuesday, May 9th. Finally, MKM Partners reissued a “neutral” rating and issued a $10.00 price target (down from $12.00) on shares of Pandora Media in a report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $13.03.

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Shares of Pandora Media (NYSE P) traded up 3.61% on Friday, hitting $9.47. The company’s stock had a trading volume of 6,423,155 shares. Pandora Media has a 52 week low of $6.76 and a 52 week high of $14.98. The stock’s 50 day moving average price is $8.54 and its 200 day moving average price is $10.89. The stock’s market capitalization is $2.28 billion.

In related news, insider Christopher Douglas Martin sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $9.91, for a total value of $29,730.00. Following the completion of the sale, the insider now directly owns 272,569 shares of the company’s stock, valued at $2,701,158.79. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Stephen G. Bene sold 6,161 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $9.38, for a total value of $57,790.18. Following the completion of the sale, the general counsel now directly owns 272,060 shares of the company’s stock, valued at $2,551,922.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,642 shares of company stock worth $411,284. Corporate insiders own 2.59% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Aperio Group LLC purchased a new stake in shares of Pandora Media during the second quarter valued at $115,000. Virtu Financial LLC bought a new position in Pandora Media during the second quarter valued at approximately $121,000. Two Sigma Securities LLC bought a new position in Pandora Media during the first quarter valued at approximately $136,000. Waldron LP bought a new position in Pandora Media during the first quarter valued at approximately $167,000. Finally, Franklin Resources Inc. raised its position in Pandora Media by 9.8% in the fourth quarter. Franklin Resources Inc. now owns 13,315 shares of the Internet radio service’s stock valued at $174,000 after buying an additional 1,190 shares during the period.

About Pandora Media

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

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Earnings History and Estimates for Pandora Media (NYSE:P)

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